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Shutting money gaps in Latin America, expanding Fig Tech’s financing capability, workforce investing, forming an investment with effect integrity

Shutting money gaps in Latin America, expanding Fig Tech’s financing capability, workforce investing, forming an investment with effect integrity

Catalytic money helps Acumen’s ALIVE connection the financing space for social ventures in Peru and Colombia. Entrepreneurs in Latin America are weathering the pandemic to generate product sales networks for little farmers, online education for pupils, and clean, accessible power for rural households. But early-stage organizations delivering important solutions to low-income communities in the area are struggling to get into the sort of money, because of the right terms, that they have to develop. Numerous traditional investors want to cut checks which are too big for early-stage social ventures; too little effect funds can provide development money for enterprises willing to measure. Bogota-based Acumen LatAm influence Ventures, or ALIVE, has raised $28 million when it comes to Acumen Latin America Early development Fund to spend in as much as a dozen early-stage social ventures, mainly in Colombia and Peru. Acumen, the impact that is global company, is a minority owner of ALIVE and a restricted partner with its first investment. The investment provides equity and quasi-equity items, including revenue-based funding, to generally meet the requirements of early-stage ventures. Read more